Jupiter Dividend & Growth lags index

29 September 2016, 15:17

Source - SMW

Jupiter Dividend & Growth Trust's total assets less current liabilities fell by 5.7% to £50,884,000 during the six months to 30 June 2016.
By comparison, the company's benchmark index, the FTSE All-Share Index, rose by 2.1% (in capital terms) during the same period. The company says: "The period up to the end of June incorporated the unexpected outcome of the UK's referendum on EU membership and the concomitant sharp sell-off in equities.
"In particular, the shares of domestically-exposed companies such as housebuilders, retailers and banks fell sharply on fears of an immediate UK recession and a squeeze on profit margins with higher input costs from the sharp decline in the value of the pound."
The net asset value of the common shares decreased by 5.3% during the period under review from 134.45p to 127.32p (including income and expenses). The NAV of the Zero Dividend Preference shares decreased by 5.5%during the period under review from 131.73p to 124.44p*, while the discount on the ZDPs moved from 12.9 per cent. to 7.0 per cent. over the period.
At 3:17pm: (LON:JDT) Jupiter Dividend Growth Trust Plc share price was 0p at 3.13p

Market Overview

FTSE 350 Risers and Fallers

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website. If you would like to change your preferences you may do so by following the instructions here.